CFPB takes big step toward unwinding payday lending guideline The customer Financial Protection Bureau on Wednesday proposed an overhaul of its payday financing guideline that could move right back tough underwriting demands that had been championed by the agency into the federal government. In an important victory for payday loan providers, the agency — led by brand new Director Kathy Kraninger — intends to rescind the centerpiece for the initial guideline: rigorous steps forcing loan providers to evaluate borrowers’ power…